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New York Law Journal

Achieving Corporate Purpose and the Role of Long-Term Incentive Compensation in Doing So

Members of a community—whether individuals or entities—are expected to be good citizens of that community. A business corporation is obligated to constituencies of that community based on employment, business and other relationships. But these obligations to such constituencies should not be confused with the fundamental purpose of a business corporation: to provide sustained growth in value for its shareholders.
10 minute read

Litigation Daily

Daily Dicta: Bleak Week? These Wilson Sonsini and Wilmer Clients Have Something to Celebrate

Delaware's general corporation law "allows immense freedom for businesses to adopt the most appropriate terms for the organization, finance, and governance of their enterprise," the state's high court held.
6 minute read

Delaware Business Court Insider

Special Committee and Uninformed Stockholder Vote Undermine Bid for Business Judgment Review of Merger

The Court of Chancery's recent decision in Salladay v. Lev, (Del. Ch. Feb. 27, 2020), denied the director-defendants' attempt to invoke procedural safeguards—a special committee and independent stockholder approval—to dismiss a stockholder suit challenging a going-private merger.
7 minute read

International Edition

Top 50 UK Firm Rebuked by Regulator Over Money Laundering Training

The firm has also been ordered to pay the costs of the Solicitors Regulation Authority's investigation.
3 minute read

Corporate Counsel

Leadership Expectations Have Changed for CLOs: Are They Ready?

Considerations to help close the gap in areas where Chief Legal Officers may be lacking.
5 minute read

The Legal Intelligencer

Cyber Update: Personal Certification by Corporate Executives on the Rise

The likelihood of meaningful federal cybersecurity legislation in 2020 remains suspect. Yet, developments in 2019 show that cybersecurity regulation is headed toward a Sarbanes-Oxley model with or without congressional input.
8 minute read

Corporate Counsel

Is AI the Right Fit? Legal Tech Still Needs 'Lawyers in the Loop'

AI may seem like the obvious answer; it's certainly being sold that way. But marketing isn't always right. That's why you need to be cautious when you consider deploying AI. If it doesn't deliver the actual value you are seeking, it can be an expensive mistake.
6 minute read

Corporate Counsel

Conflict? Guyana Hires Exxon Mobil's Lobbyist to Rewrite Country's Petroleum Law

One business ethics professor called the conflict of interest obvious. A World Bank representative said the organization doesn't see it, and is just trying to help a poor country improve its legal and institutional frameworks.
5 minute read

Delaware Business Court Insider

Ethical Implications When Acting as Local Counsel

Litigators with national practices may work with local counsel more often than not. Those with niche practices handling cases in specialized courts, such as the Delaware Chancery Court, also frequently serve as local counsel to those who are admitted to practice outside the jurisdiction.
10 minute read

Delaware Business Court Insider

Delaware Corporate and Commercial Case Law 2019 Year in Review

This top 10 list summarizes significant decisions of the Delaware Supreme Court and the Delaware Court of Chancery over the past calendar year. Our criteria for selection are that the decision either meaningfully changed Delaware law or provided clarity or guidance on issues relevant to corporate and commercial litigation in Delaware.
21 minute read

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